Indian State Refiners Back Off Russian Oil Buying as U.S. Escalates Tariffs
The biggest Indian state-owned refiners are pulling out of spot purchases of Russian crude for cargoes loading in October, sources familiar with the procurement plans told Bloomberg on Thursday, a…
India’s Reliance Warns Tariffs Threaten Oil Market Stability
Reliance Industries, the top private refiner in India, has warned in its annual report that tariff uncertainties and geopolitical events could affect global crude oil flows and oil market balances. …
Robust Asian Demand Drives Saudi Oil Price Hikes
The world’s top crude oil exporter, Saudi Arabia, bets on robust demand in Asia as it raised the prices of its oil loading in September for a second month in…
Gas standards under spotlight in India after major incidents
Two separate incidents involving gaseous oxygen have dominated headlines in India in recent days, raising fresh concerns over safety standards and infrastructure. In Punjab’s Mohali district, two workers were killed…
What is the World’s Most Valuable Oil and Gas Brand?
In a release sent to Rigzone recently by the Brand Finance team, Brand Finance announced that, according to its Energy 100 2025 report, the collective value of the world’s top…
Russian Crude Discount Deepens Amid Sanctions and Tariffs
Russia’s flagship Urals blend is trading at a $5 discount to dated Brent following the latest round of EU sanctions and President Trump’s decision to impose additional tariffs of 25%…
China’s Oil Imports Jumped in July From a Year Earlier
Chinese crude oil imports jumped by 11.5% in July from a year earlier as major state refiners boosted processing rates, official data showed on Thursday. Last month, China imported 47.2…
Trump Hints at Additional Tariffs on China Over Russian Oil Imports
After slapping an additional 25% on Indian imports to punish India for buying Russian oil, President Donald Trump has suggested he might do the same with China. During a news…
Prometheus Fuels claims CO2-from-DAC at under $50 per tonne
Carbon neutral fuels firm Prometheus Fuels, headquarted in California, has made claims its new technology can deliver direct air capture (DAC) dramatically more cheaply than other technologies, quoting a figure…
Statkraft advances plan for UK green hydrogen and ammonia project
Norwegian state-owned power group Statkraft has obtained a land lease for its planned 400 MW green hydrogen and ammonia production facility in the Shetland Islands, UK. The Shetland Hydrogen Project…
